Published: 2026-02-24T01:40:12.000Z
Chart EUR/USD Update: Leaning lower in consolidation below 1.1800
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Settling back to consolidate below the 1.1800 level after bounce attempt was checked at the 1.1835 high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.2000 | * | congestion | S1 | 1.1770 | * | congestion | |
| 14 | 1.1900/20 | ** | congestion, 2025 year high | S2 | 1.1700 | * | congestion | |
| R2 | 1.1850 | * | congestion | S3 | 1.1650 | * | congestion | |
| R1 | 1.1835 | * | 23 Feb high | S4 | 1.1576 | ** | 19 Jan YTD low |
Asterisk denotes strength of level
01:30 GMT - Settling back to consolidate below the 1.1800 level after bounce attempt was checked at the 1.1835 high. Pullback see support at the 1.1770/1.1742 lows and where break is needed to open up room for deeper pullback to retrace the strong January rally to support at the 1.1700/1.1650 congestion area. Meanwhile, resistance at 1.1800/1.1835 area now expected to cap. Break here, if seen, will delay bears and extend consolidation to strong resistance at 1.1850 and the 1.1900/20, congestion and 2025 year high.